VANCOUVER, May 15, 2017 /CNW/ - Fireswirl Technologies Inc.
(TSXV: FSW) ("Fireswirl" or the "Company") is pleased
to announce that, further to its previous news releases, it has
completed the acquisition of an additional 10% of the outstanding
common shares ("Shares") of AMZON (HK) Limited
("AMZON") from the vendor in consideration for an aggregate
purchase price of HK$1.2 million
(approximately C$200,000) (the
"Third Installment"). The Third Installment represents the
final tranche of Fireswirl's acquisition of Shares pursuant to its
previously announced share purchase agreement dated February 3, 2017. As of the date hereof, and
following completion of the Third Installment, the Company owns an
aggregate of 60% of the outstanding Shares.
About Fireswirl
Fireswirl Technologies Inc. (TSXV: FSW) is focused on creating
transactional revenue by engineering electronic and mobile commerce
solutions for content providers. Fireswirl's technology has broad
applications for solutions requiring multiple payment interfaces,
multicurrency and multi-language capabilities. Fireswirl's
solutions can be adapted to any industry seeking high volume or
micro-payment solutions involving a wide base of users through
internet or wireless applications.
This news release contains certain forward-looking statements
that reflect the current views, beliefs, assumptions and
expectations of Fireswirl with respect to its performance, business
and future events. Such forward-looking statements are subject to a
number of risks, assumptions and uncertainties that could cause the
Company's actual results to differ materially from those projected
in such forward-looking statements. Although the Company considers
these beliefs and assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect. Although
Fireswirl has attempted to identify important factors that could
cause actual results to differ materially from those contained in
the forward-looking statements, there may be other factors that
cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. Fireswirl does not undertake any obligations to update
any forward-looking statements, except in accordance with
applicable securities laws.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE Fireswirl Technologies Inc.